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GKX Gemini Corp. (delisted)

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Share Name Share Symbol Market Type
Gemini Corp. (delisted) TSXV:GKX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Gemini Corporation Enters Into Purchase Agreement with ONYX Drafting Services LLC

07/03/2014 10:16pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


Gemini Corporation (TSX VENTURE:GKX) ("Gemini") has entered into a purchase
agreement with ONYX Drafting Services LLC ("ONYX"), a limited liability company
located in Chandler, Arizona. Gemini is acquiring 50% of the outstanding
securities of ONYX and will retain an exclusive option to acquire the remaining
50% of the securities from ONYX three years from the closing date of the
agreement (the "Transaction"). The purchase price will be settled through a
combination of cash and Gemini shares issued from treasury.


ONYX provides drafting services through its base of operations in Arizona to a
select number of clients operating in the oil and gas industry. This agreement
fits squarely into Gemini's strategy of establishing out-of-market resources to
augment its existing team of professionals situated in western Canada. The
additional drafting capacity will be used to manage increasing client project
needs in Canada and provides a window into the growing market in the United
States.


"We intend to work closely with the ONYX team to grow this new business as a
solid contributor to Gemini's diversified service offering. Establishing a
presence in the United States is also an important developmental step for our
organization in response to the increasing cross-border requirements of our
alliance clients", stated Doug Lautermilch, Gemini's President and CEO.


The closing of the Transaction is subject to regulatory approval, including the
approval of the TSX Venture Exchange.


About Gemini Corporation

Gemini Corporation is a professional services firm that provides engineering,
regulatory, fabrication, installation and maintenance solutions for clients
through stand-alone or integrated service delivery models. For more than 30
years, Gemini has been harnessing the energy of its staff and clients to power
innovation in conventional and unconventional oil and gas, in-situ heavy oil and
industrial facilities across western Canada. Our integrated design-build project
delivery model differentiates Gemini and provides tremendous value-added
benefits for clients, such as constructability advice at the design phase,
schedule compression and one point of accountability.


Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For
more information about the Corporation and its services, go to
www.geminicorp.ca. 


Disclaimer

This news release may contain forward looking information that represents
Gemini's internal projections, expectations, estimates or beliefs concerning,
among other things, future operating results and various components thereof or
Gemini's future economic performance. All statements other than the statements
of historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to
Gemini's performance and competition within the sectors in which it competes,
the continuation of the current regulatory and tax regimes in the jurisdictions
in which Gemini operates, and necessarily involve known and unknown risks and
uncertainties, including risks and assumptions relating to client service
demand, field service costs, labour rates, and other factors that may cause
actual performance and financial results in future periods to differ materially
from any projections of future performance or results expressed or implied by
such forward-looking statements. Accordingly, readers are cautioned that events
or circumstances could cause results to differ materially from those predicted
or suggested. The Corporation does not undertake to update any forward-looking
information in this document whether as to new information, future events or
otherwise.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gemini Corporation
Doug Lautermilch
President & CEO
(403) 259-0311
dlautermilch@geminicorp.ca


Gemini Corporation
Robert Brookwell
Executive VP & CFO
(403) 258-5401
rbrookwell@geminicorp.ca
www.geminicorp.ca

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